VeChain Price Prediction Today: Daily (VET) Value Forecast – July 23

  • The VET coin fluctuates between the levels of $0.00600 and $0.00800.
  • Traders are advised to initiate long traeds at the lower price range in anticipation of a bullish trend.

VET/USD Medium-term Trend: Ranging

  • Resistance Levels: $0.0090, $0.0100 ¸ $0.0110
  • Support levels: $0.0080, $0.0070, $0.0060

Yesterday, July 22, the VET/USD pair was in a bullish  trend.  The bulls broke above the  lower price level to reach the range bound zone.  Traders are advised to initiate long traeds at the lower price range in anticipation of a bullish trend.The bulls brought the price to its range bound zone and price is expected at the  upper price range. The moving averages EMA are trading horizontally indicating that the price of Vechain is in a sideways trend. The VET coin fluctuates between the levels of $0.00600 and $0.00800.

However, the formation of small body candlesticks describes the indecision of buyers and sellers at the current market price. The price of Vechain is in the oversold region of the daily stochastic but above the 40% range. This indicates that price is in a bullish  momentum and a buy signal.

VET/USD Short-term Trend: Bullish

On the 1-hour chart, the VET price was in a bullish trend. The 12-day EMA and the 26-day EMA are trending horizontally indicating that price is in a sideways trend. The price of VET is above the EMAs which indicates that price is likely to rise.The price of VeChain is in the oversold region of the daily stochastic but above 20% range. This indicates that price is in a bullish momentum and a buy signal.

Live VeChain (VET) Price:

1 VET/USD =$0.0188 change ~ 13.23%

Coin Market Cap

$1.04 Billion

24 Hour Volume

$83.7 Million

24 Hour VWAP

$0

24 Hour Change

$0.0025

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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Azeez Mustapha
Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager - as well as an author.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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